All Forum Posts by: Craig Ts

Hi,

Does anyone have recommendation for good appliance repair for OKC / Yukon area? More specifically I am looking for over repair.

thanks,
Pravin

@Andrew Postell thank you for such a great insights

Hi,

Are there any pros /cons of refinancing more than one rental properties with single loan vs individual loans for each property ?

Hi,

Given recent environment of wild fires, hurricanes, etc. What is best strategy to identify gaps in insurance coverage for landlord ? 

Some where I heard that named storms may not be covered, etc.

Insurance agents only explain what is in policy but in my experience havent been able to tell what is not covered.

How do you identify coverage gaps in your landlord insurance ?

@Aditya Soma watched all your videos, congrats, amazing story!!

@Natalie thanks! “Freed” means they can be applied to w2 income with or without income limit? Or they can be applied to any gains on property?

@Aaron K. Thanks! Is there benefit of taking bonus depreciation if there is not enough passive income to offset

All,

Need help understanding personal income tax benefits of SFR depreciation, would be great if you can comment:

Lets say one is not a real estate professional then, AFAIU depreciation (straight line or cost segregation based or bonus depreciation) in addition to other expenses like interest, management etc, can be used to offset against passive income for that year. 

If the person does not have as much passive income as to offset depreciation (and other SFR related expenses) fully, losses are carried forward to next year.

But if one sells this property lets say after year 10, then depreciation is recaptured and tax basis for property is adjusted. So forward carried losses have no value ?

If there is not enough passive income in current tax year to offset with depreciation, is there a benefit of taking bonus depreciation ?

@Kwadwo Boafo great question! I have found Khan academy free classes to be super useful. You might want to check out 

https://www.khanacademy.org/economics-finance-doma...

@Andrew Postell thanks! Yes realized it bit later, posted it in correct forum